Adnan Khashoggi Biography

(Businessman)

Birthday: July 25, 1935 (Leo)

Born In: Mecca, Saudi Arabia

Adnan Khashoggi was a Saudi Arabian businessman. He was known for his business capabilities that helped him settle many international business deals. Khashoggi lived a lavish life, surrounded by riches almost his entire life. Born to a doctor father, Khashoggi led a moderately affluent life during his childhood. He showed business acumen right from his school days as he facilitated a deal between the fathers of two of his classmates, and pocketed US $1,000, as his commission. Leaving his education from renowned universities halfway, Khashoggi started several businesses. He was instrumental in facilitating a deal between western companies, and the government of Saudi Arabia, whereby the infrastructure of the country could be improved. He was known prominently for his arms deals. He played a major role in bringing together several US firms and the Saudi government. In the later part of his life, Khashoggi suffered losses, and even faced bankruptcy. He was implicated in the ‘Iran-Contra’ arms deal. He was arrested for his fraudulent dealings. Khashoggi was fond of displaying his lavish lifestyle, even in times of financial crises. He suffered from Parkinson’s disease, and passed away peacefully, at the age of 81.
10
Quick Facts

Died At Age: 81

Family:

Spouse/Ex-: Shahpari Azam Zanganeh (m. 1991-2014), Soraya Khashoggi (m. 1961–1974)

father: Muhammad Khashoggi

siblings: Samira Khashoggi

children: Ali Khashoggi, Hussein Khashoggi, Khalid Khashoggi, Mohammed Khashoggi, Nabila Khashoggi, Omar Khashoggi

Billionaires Saudi Arabian Men

Height: 5'4" (163 cm), 5'4" Males

Died on: June 6, 2017

place of death: London, England

Notable Alumni: California State University, Chico, Victoria College, Alexandria

Cause of Death: Parkinson's Disease

More Facts

education: California State University, Chico, Victoria College, Alexandria

  • 1

    What was Adnan Khashoggi's involvement in the Iran-Contra affair?

    Adnan Khashoggi was allegedly involved in the Iran-Contra affair, where he was accused of helping facilitate arms sales to Iran in exchange for funds that were then used to support the Contras in Nicaragua.
  • 2

    Did Adnan Khashoggi face any legal troubles related to his business dealings?

    Yes, Adnan Khashoggi faced legal troubles in the 1980s related to his business dealings, including allegations of fraud and arms dealing. He was acquitted of some charges but faced financial difficulties as a result.
  • 3

    What was Adnan Khashoggi's role in the global arms trade during the Cold War?

    Adnan Khashoggi played a significant role in the global arms trade during the Cold War, acting as a middleman for arms deals between various countries and factions. He was known for his connections and ability to navigate complex international transactions.
  • 4

    How did Adnan Khashoggi accumulate his wealth?

    Adnan Khashoggi accumulated his wealth primarily through his involvement in the arms trade and international business dealings. He was known for his ability to broker lucrative deals and navigate complex geopolitical landscapes to his advantage.
  • 5

    What impact did Adnan Khashoggi have on the world of international business and politics?

    Adnan Khashoggi had a significant impact on the world of international business and politics due to his involvement in high-profile arms deals and his connections to various political figures and leaders. He was known for his influence and ability to navigate complex global networks.
Childhood & Early Life
Adnan Khashoggi was born on July 25, 1935, in Mecca. His father, Mohammad Khashoggi, was a doctor. He was the personal physician of King Abdul Aziz Al Saud, the first monarch of Saudi Arabia. His parents had Turkish-Jewish ancestry. Khashoggi has two sisters - Samira Khashoggi, and Soheir Khashoggi. Both of them were well-known authors.
Khashoggi attended the ‘Victoria College,’ in Alexandria, Egypt, for his early studies. He also attended the ‘California State University,’ and the ‘Stanford University.’ He discontinued his studies to pursue his business ambitions.
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Career
Adnan Khashoggi ventured into the field of business, quite early in life. During his school days, he was acquainted with several notable personalities, including Hussein bin Talal, who later became the King of Jordan. While in school, he facilitated a business deal between the fathers of two of his classmates. A Libyan classmate’s father wished to import towels, while an Egyptian classmate’s father was a manufacturer of towels. Khashoggi brought them together. For this, he earned a commission of US $1,000. This was the first business income that he earned.
In another of his early dealings, Khashoggi found that a construction company was facing hardships with their ordinary trucks, as they were not equipped for use in desert sands. Khashoggi purchased a few American trucks from Kensworth, and leased it to the company. These trucks had wider wheels which made desert travel easier. Gradually, he became the agent for ‘Kensworth.’
In the 1960s and 1970s, Khashoggi acted as a middleman between the government of Saudi Arabia, and several international firms. He handled defence and infrastructure contracts. Khashoggi spearheaded the marketing strategies for American defence and security company ‘Lockheed Martin.’ Initially, Khashoggi charged a commission of 2.5%, and that gradually rose to 15%, as his importance grew.
In the 1960s, Khashoggi established ‘Triad International Holding Company.’ The company made investments in several businesses across the globe. Khashoggi was primarily known for his arms deals. He was the main facilitator between the government of Saudi Arabia, and US firms. Several companies, such as the ‘Lockheed Martin Corporation,’ ‘Raytheon,’ ‘Grumman Aircraft Engineering Corporation,’ and ‘Northrop Corporation,’ were his clients.
‘Triad International’ established many subsidiaries, such as ‘Triad Management,’ Triad Properties,’ ‘Triad Energy,’ and ‘Triad Technology.’ It had its headquarters in Geneva. There were subsidiaries in countries like Canada, United States, and Saudi Arabia. They were involved in a wide spectrum of businesses such as hotels, banks, oil refineries, gold mines, and construction.
Adnan Khashoggi owned limousines, private jets, and yachts. He owned houses in several countries. He owned three luxurious yachts which were named ‘The Nabila,’ ‘The Mohammadia,’ and ‘The Khalida.’ Out of this, ‘The Nabila’ was the most prized possession of Khashoggi. The yacht was featured in some movies too. During his financial crisis, Khashoggi sold the yacht to Sultan of Brunei, who, in turn, sold it to the US President, Donald Trump.
Khashoggi remained surrounded in controversies due to his illegal dealings. He was involved in the ‘Iran-Contra’ scandal. It was a controversial affair, where some senior officials from the United States supplied arms to Iran, which was prohibited as per international treaties. Khashoggi was the facilitator who arranged for the deals. This was the deal that led to the downfall of his business empire.
In 1998, Khashoggi was arrested in Switzerland, on charges of concealment of funds. Later, he was extradited to the U.S, on charges of racketeering, and conspiracy. These charges were, however, subsequently dropped. In 2006, he was sued by the ‘United States Securities and Exchange Commission,’ for securities fraud. He was the financier for the internet company, ‘Genesis Intermedia, Inc,’ which committed the fraud. As his business suffered setbacks, Khashoggi defaulted in payments of his debts.
Family & Personal Life
Adnan Khashoggi married twice. In the 1960s, he married Sandra Daly, who was a British citizen. After the marriage, she converted to Islam, and adopted the name, Soraya Khashoggi. The couple had one daughter, and four sons. They divorced in 1974.
In 1978, Khashoggi married Laura Biancolini, who was an Italian national. After marriage, she converted to Islam, and changed her name to Lamia Khashoggi. They have one son.
Khashoggi was known in the social circles for his extravagance. He threw parties at his residences, which were attended by celebrities from all over. Even in times of financial crisis, Khashoggi tried to keep up his exuberant lifestyle.
Khashoggi suffered from Parkinson’s disease, during the last days of his life. On June 6, 2017, he breathed his last, at the ‘Harley Street Clinic,’ in London.
Facts About Adnan Khashoggi
Adnan Khashoggi was known for his extravagant lifestyle, including owning multiple yachts, private jets, and luxurious homes around the world.
Khashoggi was a talented backgammon player and enjoyed competing in high-stakes games with friends and colleagues.
He had a passion for collecting art and amassed a significant collection of valuable pieces from renowned artists.
Khashoggi was fluent in multiple languages, including Arabic, English, and French, which allowed him to communicate effectively in various international business dealings.
Despite his controversial reputation in the world of finance and politics, Khashoggi was also involved in various philanthropic activities, supporting causes such as education and healthcare in developing countries.

See the events in life of Adnan Khashoggi in Chronological Order

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- Adnan Khashoggi Biography
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https://www.thefamouspeople.com/profiles/adnan-khashoggi-11500.php

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